EURJPY prepares for new positive attack – Analysis – 26-9-2018

Economies.com
2018-09-26 06:59AM UTC

The EURJPY pair took breath by consolidating near the recently recorded top at 133.10, to increase the chances of gathering new positive momentum, while the price stability within the bullish channel allows us to suggest more bullish attempts to expect gathering additional momentum to target 133.40 followed by 134.35 levels.

 

Also, 23.6% Fibonacci correction level forms additional support at 132.20 to confirm keeping the bullish attempts to keep waiting to gather the positive momentum followed by recording the mentioned targets.

 

Expected trading range for today is between 132.20 and 133.40

 

Expected trend for today: Bullish

Forex and Currency News

USD/JPY news

Forex

Yen extends losses as intervention momentum from Japanese authorities fades
2024-05-07 04:03AM UTC
Yen lost ground in Asian trade against a basket of major rivals, heading for the second loss in a ...
Forex News

Forex

Dollar reverses higher as markets speculate about interest rates
2024-05-06 20:54PM UTC
The dollar rose against most major rivals on Monday after stabilizing earlier in the ...
Forex News

Forex

Dollar hovers near three-week trough as US yields taper off
2024-05-06 11:23AM UTC
Dollar fell in European trade on Monday against a basket of major rivals, extending losses for the ...

Forex Technical Analysis

EUR JPY Analysis

Forex

The EURJPY achieves some targets – Forecast today – 7-5-2024
2024-05-07 05:33AM UTC
Expected Scenarios and Trading Range Scenario 1: Bullish Attack EURJPY pair utilizes ...
GBP JPY Analysis

Forex

The GBPJPY begins to rise – Forecast today – 7-5-2024
2024-05-07 05:33AM UTC
Expected Scenarios and Trading Range Scenario 1: Correctional Decline Ended GBPJPY pair ...
USD CHF Analysis

Forex

The USDCHF price attempts to recover – Forecast today - 07-05-2024
2024-05-07 03:51AM UTC
USDCHF Price Analysis The USDCHF price shows positive trades, indicating a potential resumption ...